Condotel Expansion in Bali

PT Bakrieland Development is reported by Bisnis.com to be preparing a five-star condotel project in cooperation with the Langham Hospitality Group.

Narudi Surachman, President Director of the Hotel and Resort division of Bakrieland describe the new project as a continuation of the four-star Eaton Luxe Nirwana Bali Condotel Project that goes on the market in November 2011.

At a ceremony launching a marketing lounge for the Eaton Luxe Nirwana Condotel Bali on November 19, 2011, Surachman said, “I will launch the five star condotel by embracing the Langham Hospitality Group.”

Based on the success of the Pullman Bali Legian Nirwana Condotel Project, Surachman remains optimistic that the business prospects of a five star condotel project are strong. Adding, “the market may not be booming at the same level as Jakarta, but the market is nonetheless very strong.”

The Eaton Luxe Nirwana Bali Condotel Project is comprised of 178 condotel units built on a 20,000 square meter segment of the Bali Nirwana Resort in Tabanan, West Bali. This is further broken down in 133 standard units, 24 one-bedroom units and 21 two-bedroom units.

The Eaton Luxe Nirwana Bali will commence construction in February 2012 and is scheduled for full operation two years later in February 2014.